Failure in Greek Bailout Talks Triggers Market Slump

Concerns over a breakdown in talks to keep Greece afloat with rescue loans caused the country's stocks to tumble on Monday, unsettling markets around the world.

Shares on the Athens Stock Exchange were 6 percent lower in morning trading on Monday, and markets fell across Europe and other regions. Germany's main index was down 1.4 percent.

The talks in Brussels between negotiators from Greece and its bailout lenders failed to bridge differences despite mounting pressure on Athens, which has taken the emergency measure of bundling its June repayments to the International Monetary Fund until the end of the month.